CSLM Digital Asset Acquisition Corp III, Ltd (NASDAQ:KOYNW – Get Free Report) was the target of a significant growth in short interest during the month of July. As of July 31st, there was short interest totaling 3,824 shares, a growth of 106.9% from the July 15th total of 1,848 shares. Based on an average daily volume of 4,532 shares, the days-to-cover ratio is presently 0.8 days.
CSLM Digital Asset Acquisition Corp III Price Performance
Shares of NASDAQ KOYNW traded down $0.00 during mid-day trading on Friday, hitting $0.20. 2,214 shares of the company were exchanged, compared to its average volume of 20,537. The stock has a 50 day simple moving average of $0.22 and a 200-day simple moving average of $0.24. CSLM Digital Asset Acquisition Corp III has a 1-year low of $0.17 and a 1-year high of $1.15.
About CSLM Digital Asset Acquisition Corp III
CSLM Digital Asset Acquisition Corp III (NASDAQ: KOYNW) is a special purpose acquisition company (SPAC) formed to pursue a business combination with one or more operating companies in the digital asset and blockchain sectors. As a blank‑check vehicle, the company raises capital from public investors with the objective of identifying, negotiating and completing a merger, acquisition or other business combination that would result in an operating company becoming publicly listed through the SPAC.
The firm’s stated investment focus, as indicated by its name, targets firms involved in digital assets, which can include cryptocurrency businesses, blockchain infrastructure and services, tokenization platforms, trading and custody solutions, and other related financial and technology providers.
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